Dear All,

Please be advised of the following changes to surcharges in the TAT trade.

Kindly note that the monthly BAF review, the bunker price change has not met the trigger point. CAF review has not reached the trigger point and

1.       Bunker Adjustment Factor – Please note the monthly bunker review has resulted in no change to the BAF trigger.

2.       Currency Adjustment Factor  – Please note the monthly review has resulted in no change to the CAF trigger.

3.       As from January 1, 2013 the MAR surcharge will be incorporated in the BAF.

Both will be applied effective October 1, 2013:

If you have any questions on the above, please do not hesitate to contact your local SALES team.

Kind Regards